The situation gets interesting on Solana👀

Why do I say this just when the price is in the middle of a range and the direction seems uncertain?

Because its precisely at times like these that the future of the price is decided.

It is decided when it seems boring, uncertain

when the algorithm that drives the price is neither in a premium zone nor in a discount zone leaving everyone with a big question mark.

Now I'll give you my opinion and there will be ever at minimum 2 visions when you try to analyze the market

Why?

Because no one can have the arrogance to know with certainty what the market will do and we as investors must be ready for both the best and the worst scenario,

so be wary of those who tell you that it will surely go in a single way

they are people who ride the emotionality of the moment, not real investors.

So,

First scenario:

August continues to go sideways creating an accumulation of orders that will result in a rise in price likely in September with start of the interest rate cut in the US.

This will give rise to the actual bullrun that will continue with the American elections in November.

Second scenario:

August turns out to be a bearish month and we see Solana's price continue to fall to go back to lower levels of its market structure, levels it has not yet tested since it started rising way back in October last year.

This can more easily happen if the Fed doesn't cut interest rates in September.

The market will take liquidity from the more bearish areas and then return to the upside with the American elections.

Personally I think the first scenario is more likely to happen.